Needham-Massachusetts Savings

Improve your Needham Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows can add to the asking price of your home. As mentioned before, windows preserve most of their initial value especially given their long life expectancy. At a rate of 72.3% estimated for 2020 an average total window replacement job costing $17,925 would preserve $13,018 of its initial value.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to ascertain : What’s the ROI on energy savings when selling the house? The following is what we discovered in Needham:

Another way to look at it, a window investment in Needham can add anywhere from 0.15% percent and 0.77 % percent to the sale price of your home through the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Needham homeowner is relatively strong.

The variation between the range for Needham and Boston, which for reference, would yield a potential premium range of 0.14% percent and 0.22% percent respectively, is derived from a number of factors, particularly; the 0.65% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Boston-Cambridge-Newton region, and energy price differences between Needham and Boston.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and extensive research done by the National Association of Homebuilders. Needham home value data is provided by Zillow.

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